HETA ASSET RESOLUTION AG is a wind-down company owned by the Republic of Austria. Its statutory task is to dispose of the non-performing portion of Hypo Alpe Adria, nationalised in 2009, as effectively as possible whilst preserving value.
§ 3. Federal Act on the creation of a wind-down unit (GSA)
(1) The wind-down unit is charged with the task of managing its assets so as to ensure the orderly and active disposition of its assets on the best terms possible.
HETA ASSET RESOLUTION AG has a portfolio of about EUR 10,8 billion (as of 31.12.2016). In the interests of the taxpayer, it assumes responsibility for the assets it has taken over from the former Hypo Alpe-Adria-Bank International AG and for the best-possible reduction of risks.
OPEN AND TRANSPARENT
The results of these efforts are clear for all Austrians to see. HETA ASSET RESOLUTION AG publishes reports on the implementation of the wind-down plan at regular intervals.